SpiceJet Soars 12.7%: Budget Carrier's Shares Ignite on Recovery Hopes!

SpiceJet shares surged dramatically, climbing 12.7% intraday to hover around ₹35 amid robust trading interest on BSE. This extension follows Friday's 7.5-9% rally triggered by IndiGo flight chaos, positioning SpiceJet as a beneficiary in India's competitive aviation space recovering from pandemic scars.​

The low-cost carrier plans to double its operational fleet by December via damp leases and ungroundings, targeting tripled ASKM with new routes like Port Blair and Ayodhya Diwali specials. Chairman Ajay Singh's restructuring of major liabilities fuels investor confidence, contrasting Q2 losses but aligning with rising travel demand.​

Stock trades below key moving averages yet shows short-term strength, with market cap ~₹4,750 Cr and high beta signaling volatility ahead of winter expansion.​

Key Highlights

Shares: +12.7% intraday; hit ₹33-35 range post-7-9% prior gains​

Triggers: Fleet doubling, IndiGo woes, winter routes expansion​

Plans: 20 aircraft additions Oct-Nov; ASKM triple by Dec 2025​

Financials: MCap ₹4,750 Cr; trading below 50/200 DMA​

Outlook: High beta (2.56); rural/festive demand supportive​

Sources: Investing.com India, Moneycontrol, Economic Times​